AMCOR HELP

Sorry folks , silly question time .
Please read the last paragraph and tell me if im wrong.
Shareholders who buy shares today DONT GET THE ENTITILEMENT , READ THE LAST PARAGRAPH PLEASE AND COMMENT . THE COMPANY IS NOT RETURNING MY CALLS . GE

AMCOR LIMITED

Amcor announced today that it had successfully completed the
institutional component of the underwritten capital raising, as part
of the funding package for the acquisition of the PET containers and
closures businesses of Schmalbach-Lubeca, as announced on 8 May 2002.

Following a strong response from existing institutional security
holders, the company has allocated shares on the basis of a pro rata
entitlement of 1 ordinary share for every 6 ordinary shares held and
1 ordinary share for every 4.72 convertible notes held. In addition,
a placement of 49.3 million new ordinary shares has been undertaken.
The placement was well supported by existing investors and also
introduced a number of new investors onto the register.

Amcor's Managing Director, Mr Russell Jones, said: "We are pleased
with the initial response to the announcement of the acquisition, as
indicated through strong support from a wide range of local and
overseas institutions."

The new shares were allocated at a price of $7.40 per share. The
total amount to be raised following this allocation to institutional
Investors is approximately $835 million. Settlement of the
institutional component has been underwritten and is expected to be
completed 20May, 20 2002.

The balance of the ordinary share entitlement offer will comprise a
retail entitlement offer of approximately $365 million at the same
pro rata ratio of 1 ordinary share for 6 ordinary sharer, held (and 1
ordinary share for 4.72 convertible notes held) at the same price of
$7.40 per share.

The retail offer has been underwritten to $200 million, providing
Amcor with certainty in raising slightly in excess of its required
equity component for the transaction of $1,020 million. Depending
upon the participation by retail investors, Amcor may raise up to
approximately $1,200 million. Any additional funds raised will be
used to further strengthen the balance sheet. In addition, an issue
of $200 million new perpetual convertible reset securities ("PACRS2")
has also been underwritten at a price of $100 per security. A
prospectus is expected to be lodged with the Australian Securities
and Investments Commission today for this issue.

As a result of the strength in demand for ordinary equity, the
Company will not issue any Deferred Equity Rights, which had been
contemplated as part of the offer structure.

A prospectus for the retail offer is expected to be lodged today with
the Australian Securities & Investments Commission.

The retail offer will not extend to holders outside Australia and New
Zealand.

The record date for the ordinary share entitlement offer is May 10,
2002. Holdings which result from post trading halt transactions of
the kind specified in Amcor's announcement of May 8, 2002 will not be
entitled to participate. It is expected that prospectuses will be
dispatched to eligible security holders on or about May 27, 2002.
Anyone who wishes to acquire shares under the prospectus will need to
complete the application form that will accompany the prospectus.

For further information please contact:

Russell Jones John Murray
MANAGING DIRECTOR EXECUTIVE GENERAL MANAGER CORPORATE